The financial industry has witnessed the so-called “fintech revolution” in recent years. Due to the emergence of information technologies such as cloud computing, big data, blockchain and artificial intelligence, the landscape of the traditional financial industry has been largely...

In response to the rapid rise of privately-issued cryptocurrencies (e.g. Bitcoin, Ethereum, and Diem), global central banks have been leveraging on fintech to roll-out state-backed Central Bank Digital Currencies (CBDCs) to modernise the fiat money system. China is one of a few major economies...